Together we are stronger
Carlsberg A/S (Carlsberg) has signed an agreement with the Asian Chang Beverage Company to form Carlsberg Asia Ltd. (Carlsberg Asia), a 50 : 50 joint venture that will look after the companies’ marketing and brewing activities in the Asian region. Carlsberg Asia will have a pro-forma net turnover of approximately US$770 million in the first year of operation. The pro-forma profits of the joint venture after tax are expected to be approximately US$100 million in the year 2001. Carlsberg Asia will, through its own breweries and licensed operations, brew 17 million hl of beer in its first year of operation, of which the Carlsberg brand is expected to represent 2.0 million hl.
The new company was established on January 1, 2001 with the head office in Singapore. Ltd..
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